Economic Calendar

Thursday, October 8, 2009

BA, ITV, Ladbrokes, Lloyds, Rank: U.K., Irish Equity Preview

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By Ben Martin

Oct. 8 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in U.K. and Irish markets today. Stock symbols are in parentheses and prices are from the last market close.

The benchmark FTSE 100 Index fell 29.08, or 0.6 percent, to 5,108.9. The FTSE All-Share Index declined 0.4 percent and Ireland’s ISEQ Index advanced 0.5 percent.

British Airways Plc (BAY LN): The biggest carrier between Europe and the U.S. should halt plans to impose reduced staffing levels and new pay scales on its 14,000 cabin crew or risk “a serious, drawn out confrontation with its workforce,” the Unite trade union said. The stock rose 0.2 pence, or less than 0.1 percent, to 223 pence.

C&C Group Plc (GCC ID): The maker of Magners cider is scheduled to report first-half results. The stock rose 6 cents, or 2 percent, to 3 euros.

Carphone Warehouse Group Plc (CPW LN): Europe’s largest mobile-phone and laptop retailer is scheduled to release a second-quarter trading statement. The stock climbed 5.5 pence, or 2.8 percent, to 205 pence.

Halfords Group Plc (HFD LN): The U.K.’s biggest retailer of car parts and bicycles is scheduled release a pre-close trading statement. The stock rose 5.6 pence, or 1.6 percent, to 364.3 pence.

Hays Plc (HAS LN): The U.K.’s largest recruitment company is scheduled to release an interim management statement. The stock advanced 2.6 pence, or 2.5 percent, to 106.2 pence.

Hochschild Mining Plc (HOC LN): The mining company said it raised 90.7 million pounds in an equity placing, selling 30.74 million shares at 295 pence apiece and also placed an offering of $115 million in senior unsecured convertible bonds due 2014 paying a coupon of 5.75 percent. The stock declined 31.5 pence, or 9.6 percent, to 298.5 pence.

HSBC Holdings Plc (HSBA LN): Europe’s largest bank is in advanced talks to buy ING Groep NV’s private banking operations in Asia and Royal Bank of Scotland Group Plc assets in the region, the Financial Times reported. The stock rose 4 pence, or 0.6 percent, to 706.2 pence.

Hunting Plc (HTG LN): The U.K. oil services provider is scheduled to release an interim management statement. The stock climbed 12 pence, or 2.3 percent, to 526 pence.

Independent News & Media Plc (INM ID): The publisher of the Independent newspaper has considered the possibility of selling its 13.5 percent stake in Jagran Prakashan Ltd., the Financial Times reported. The stock rose 3.5 cents, or 17.5 percent, to 23.5 cents.

ITV Plc (ITV LN): The U.K.’s biggest commercial broadcaster and Crispin Davis have ended talks without him becoming chairman of the company, the Financial Times reported. The stock advanced 0.19 pence, or 0.4 percent, to 45.87 pence.

Ladbrokes Plc (LAD LN): The owner of more than 2,300 U.K. and Irish betting shops will launch a 300 million-pound rights offer which is expected to be priced at a 35 percent to 40 percent discount to yesterday’s closing price, the Financial Times reported. The stock fell 1.1 pence, or 0.6 percent, to 181.2 pence.

Lloyds Banking Group Plc (LLOY LN): The U.K.’s biggest mortgage lender is considering a 15 billion-pound rights offering, a move that may allow it to withdraw entirely from the government’s asset protection program, the Financial Times reported. The stock fell 0.84 pence, or 0.9 percent, to 95.66 pence.

Rank Group Plc (RNK LN): The U.K.’s second-largest casino owner is scheduled to release an interim management statement. The stock fell 0.05 pence, or less than 0.1 percent, to 89.15 pence.

Ted Baker Plc (TBK LN): The clothing company that dressed actor Daniel Craig as James Bond for “Casino Royale” is scheduled to report interim results. The stock climbed 17.25 pence, or 4.2 percent, to 433.25 pence.

TUI Travel Plc (TT/ LN): Europe’s largest tour operator agreed to buy 9.9 percent of Berlin Air Plc as part of a previous agreement, Air Berlin said in an OTS statement. The stock rose 0.8 pence, or 0.3 percent, to 259.7 pence.

Vedanta Resources Plc (VED LN): The mining company controlled by Indian billionaire Anil Agarwal is scheduled to release second-quarter production results. The stock rose 19 pence, or 0.9 percent, to 2,105 pence.

Victrex Plc (VCT LN): The U.K. maker of heat resistant plastics for the automotive and energy industries is scheduled to release a trading update. The stock declined 13 pence, or 1.7 percent, to 749 pence.

To contact the reporter on this story: Ben Martin in London at bmartin38@bloomberg.net.




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